92 Louise, Long Beach, CA 90805
Local realty services provided by:CENTURY 21 Masters
92 Louise,Long Beach, CA 90805
$1,100,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: robert stepp
Office: keller williams realty downey
MLS#:PW26180123
Source:MLSListings
Price summary
- Price:$1,100,000
About this home
92 E. Louise Street presents the opportunity to acquire a well- maintained four-unit multifamily property offering strong in-place cash flow, meaningful rental upside, and additional long-term value creation potential in North Long Beach. Built in 1953, the property consists entirely of two-bedroom/one- bath units, each approximately 740 square feet, providing a highly desirable and consistent unit mix with broad renter appeal. Current rents average approximately $2,138 per month, compared with nearby rent comparables averaging approximately $2,538 per month, demonstrating substantial embedded rental upside. The property has also benefited from several significant capital improvements, including new windows throughout the building, recent re-piping, exterior painting within the past three years, and a new electronic security gate. These improvements reduce near- term capital expenditure exposure while enhancing the property's overall functionality and tenant appeal. The property's four detached garages and additional surface spaces present the opportunity to add immediate income through parking fees or convert garages to ADUs for future additional rental income (buyer to verify).The offering compares favorably with recent four-unit sales in the surrounding market. At $275, 000 pe...
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Home facts
- Year built:1953
- Listing ID #:PW26180123
- Added:48 day(s) ago
- Updated:October 06, 2026 at 04:30 PM
Structure and exterior
- Year built:1953
- Lot area:0.13 Acres
- Lot Features:Mid Block
Utilities
- Water:District - Public
Finances and disclosures
- Price:$1,100,000
Features and amenities
- Laundry features:Community Facility
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